Foreclosure filings numbers and rates fluctuate every month in the murky foreclosure scenario of the US housing markets. But if a consistent pattern exists, it reflects the true picture on the obtaining trend for market analysts. In that context, Texas State in general and Dallas-Fort Worth area in particular, show indications of a healthy mortgage [...]
According to a Report released by First American CoreLogic, which analyzes nationwide foreclosure sales and Short Sales, it is recorded that of the home sales made in January in the Dallas area, about 23 percent are distressed properties, reeling under foreclosure crisis. Comparing the home sales statistics of 25 largest housing markets in the country, [...]
On a perusal of the Foreclosure report of February 2010, you will find the foreclosure activity is going up steadily and there is no let up. As many as 6,256 properties have been listed for distress sale as on date. This figure includes – properties on which delinquent home owners have been served default notices; [...]
The foreclosure scenario is somewhat odd at Dallas. Loan modification is an accepted way of avoiding or at least postponing foreclosure of a property. You approach the lender for modification of the mortgage terms – say for example the number of years of repayment. The outgo on monthly installments of repayment gets reduced, due to [...]
The country has been plagued with foreclosure crisis for the last few years. Millions of home owners have been rendered homeless, forfeiting their equity to foreclosure. True the government is taking steps to amend the situation and promulgating guidelines for easing up Short Sales, as alternative option for foreclosure avoidance. But what counts ultimately is [...]
It is no exaggeration to say that the foreclosure crisis is far from over and the Real Estate market is still “down”. Here are the statistics: Foreclosure market report for February 2010, released by authentic sources, says there is a small decrease of just 2% compared to January, but up by 6% from what it [...]
